/  09.17.2020

Shaquille O’Neal is teaming up with American Express (AMEX) to launch a $10 million grant to assist Black-owned small businesses with their post-COVID recovery.

According to Billboard, O’Neal’s “Coalition to Back Black Businesses” has pledged a $10 million commitment to several Black-owned establishments over the next four years. A section of the grant will also go towards business mentoring and leadership development.

“Small businesses need our support now more than ever. Black businesses have been disproportionately impacted by the pandemic,” the former NBA superstar told the outlet. “You tell people, ‘Stay in your house four months, don’t leave don’t go out.’ It’s a shame 40 million Americans have lost their jobs, but in these Black communities with Black businesses, a lot of people have lost their lifelong jobs. I’m happy to support the first ever ‘Coalition of Black Businesses.’”

“Not only are we giving money,” he added, “but we give mentorship to help get their businesses to the next level.”

The eligible Black business owners will be considered for a $5,000 grant. Application submissions will be accepted until Sep. 21 at webackblackbusinesses.com. The program will choose 280 finalists who will then be asked to complete a more in-depth application, which will be due on Sep. 28.

Special consideration will be given to female business owners. Organizers want at least 25% of the winners to be woman-owned businesses.

O’Neal and AMEX previously teamed up to provide laptops to several schools in his hometown. He talked to Business Insider about the relationship.

“Amex has helped me out a lot,” he said. “Just recently, a couple of schools in my hometown needed laptops. American Express pitched in, and I pitched in, and we were able to get, I think, two or three schools outfitted with laptops so they could do the online schooling. But listen, American Express, we’ve been partnering for a long time, and they’ve supported me in all my stuff.”


King Combs vs. Pardison Fontaine (Semi-Finals) | ‘The Crew League’ (S2, Ep. 6)

In the most dramatic Crew League game yet, King Combs and The CYN Mob battle against Pardison Fontaine ...
  /  07.09.2021

Mary J. Blige & Pepsi’s Strength Of A Woman Festival & Summit created a new space for Black women to celebrate

“The idea for the festival came to us after early listening sessions of my latest ...
  /  05.16.2022

Meet Joseph Kitonga, founder of Vitable Health

Joseph Kitonga dropped out of college and founded Vitable Health, which gives home health workers ...
  /  05.13.2022

Diddy details what to expect at the 2022 Billboard Music Awards

This “REVOLT Black News” segment features a sit-down interview with our Chairman Sean “Diddy” Combs, ...
  /  05.13.2022
View More